TD Securities Believes Franco Nev Corp (NYSE: FNV) Won’t Stop Here

By Austin Angelo

In a report released yesterday, Greg Barnes from TD Securities reiterated a Buy rating on Franco Nev Corp (NYSE: FNV), with a price target of $96. The company’s shares closed yesterday at $80.65, close to its 52-week high of $86.06.

According to TipRanks.com, Barnes is a 1-star analyst with an average return of -1.2% and a 45.4% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Teck Resources Limited.

Franco Nev Corp has an analyst consensus of Moderate Buy, with a price target consensus of $88.

Based on Franco Nev Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $172 million and quarterly net profit of $60 million. In comparison, last year the company earned revenue of $172 million and had a net profit of $54.4 million.

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Franco-Nevada Corp. engages in managing and growing its own portfolio of royalties and stream. It focuses on gold, silver, and platinum group metals. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.